REIT Sale | Former Family Dollar & Dollar Tree | 2022 Built | 1.07 Acres

Highlights:

• 10,594 SF Freestanding Value-Add Retail on 1.07 Acres Available at Substantial Discount Below Replacement Cost
• Built in 2022; Former Family Dollar & Dollar Tree Combo Store with Open Floor, Rear Storage Room, and Side Door for Deliveries
• Surrounding Traffic Generators: Dollar General, West Elk High School
• Strategic Highway Visibility on Kansas Highway 99 with Traffic Counts of 1,335 VPD
• No Zoning, Allowing for a Variety of Redevelopment or Alternative Commercial Uses
• Attractive Demographics with $61,756 Average Household Income (10-mile)

Description:

Ri Marketplace Online Auction November 17th-19th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2765/reit-sale-former-family-dollar-dollar-tree-2022-built-1.07-acres?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2765

Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a vacant, free-standing retail building located at 1252 Kansas Highway 99 in Howard, Elk County, Kansas 67349 (the “Property”). Formerly occupied by Family Dollar–Dollar Tree, the Property is being offered significantly below replacement cost, creating an excellent opportunity for owner-users or investors to secure a highly visible retail asset with direct highway frontage at a compelling basis. FIRST BID MEETS RESERVE!

Built in 2022, the Property consists of a ±10,594-SF single-story building on a ±1.07-acre parcel (±46,500 SF) with a concrete surface parking lot offering 30 spaces. Constructed to modern design standards, the building features an open retail floor plan and a flexible footprint suitable for a wide range of commercial uses. The site is strategically positioned with ±155 feet of frontage along Kansas Highway 99 which sees approximately ±1,335 vehicles per day (VPD), ensuring visibility and accessibility. Previously operated in a dual-store format, the Property was leased to Family Dollar–Dollar Tree on a triple-net (NNN) basis. The Property presents a value-add opportunity through lease-up at long-term market rates, with CoStar estimating rents in the range of $5-$6/SF NNN. With no zoning ordinance or zoning regulations in Elk County, the Property supports a wide variety of potential commercial uses, enhancing its flexibility and appeal for both investors and owner-users seeking a strategically positioned asset at an attractive cost basis.

Howard, Kansas serves as the county seat of Elk County and has a solid civic foundation highlighted by landmarks like the Elk County Courthouse and the historic Howard National Bank building. The town lies along primary state and rural routes, rendering it a local trade hub for the surrounding agricultural region despite its modest size. The site is strategically located a few parcels away from Dollar General and benefits from frontage along Kansas Hwy 99 ensuring strong visibility and accessibility for both local residents and regional traffic. Howard is approximately ±60-min to east of Wichita, providing direct connectivity to regional employment, industrial, and tourism hubs. The 10-mi trade area has approximately ±1,545 residents with an average household income (AHHI) above $61k, underpinned by the county’s role in agriculture, manufacturing, and regional transportation.


Richard Shawn Terrel
c/o Fisher Auction Company Inc.
License: 00216208
The platform fee for this transaction is the greater of 5.00% or a minimum of $20,000.

Documents: